Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
RDWR | D | 18.04 | 4.58 | 977,238 | 2.78 | |
FLNG | C | 27.03 | 4.65 | 710,343 | 2.59 | |
CMC | C | 52.67 | 3.80 | 1,633,454 | 2.28 | |
ABCB | C | 47.94 | -0.46 | 581,552 | 2.20 | |
TMO | D | 557.21 | -2.10 | 3,071,463 | 2.18 | |
DOW | D | 54.21 | -2.22 | 8,512,297 | 2.13 | |
EXC | D | 34.94 | 0.14 | 13,698,619 | 2.09 | |
ATAT | C | 18.41 | 2.28 | 2,037,891 | 1.96 | |
LNT | C | 50.99 | 2.76 | 2,880,208 | 1.95 | |
WST | D | 328.64 | 2.04 | 963,107 | 1.86 | |
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